Tag Archives: dollar

European stocks opened higher on Friday, buoyed by gains in blue-chip stocks, while investor sentiment remained positive following hints from the European Central Bank (ECB) indicating a potential interest rate cut in June. The European STOXX 600 index surged 0.9 percent, poised to achieve a weekly gain of 0.4 percent, …

Final data from Germany’s Federal Statistics Office showed on Friday that inflation eased in March thanks to a decline in energy and food prices. Inflation in Europe’s largest economy recorded 2.3 percent, the lowest level since June 2021. Consumer prices, harmonized to facilitate comparison with other countries in the European …

European shares opened cautiously on Thursday, reflecting a sense of apprehension ahead of the European Central Bank’s (ECB) monetary policy decision and President Christine Lagarde’s remarks regarding potential interest rate cuts. As of 0720 GMT, the pan-European STOXX 600 remained flat, with the telecommunications sector experiencing a 1.3% decline. Market …

FOMC minutes revealed that its members expressed concerns that inflation may continue rising, though they are still expecting rate cut at some point this years. The minutes said “inflation was not fast enough on its way down” despite some recent decline. But the participants were keen on keeping the language …

On Monday, the dollar took a breather as investors turned their attention to upcoming U.S. inflation data later in the week, while the yen edged closer to 34-year lows amid ongoing vigilance for potential intervention measures in Tokyo to stabilize the weakening currency. Last week, the dollar experienced fluctuations as …

European shares saw a modest uptick on Monday, led by Germany’s DAX, following robust industrial production data from the region’s largest economy. However, cautious sentiment prevailed ahead of the European Central Bank’s policy decision later in the week. The STOXX 600 index edged up 0.2% by 0845, with Germany’s DAX …

European stocks experienced a significant downturn on Friday, plunging to their lowest levels in over two weeks, mirroring the global stock market trend. The decline was spurred by statements from certain Federal Reserve officials signaling potential monetary tightening, coupled with escalating tensions in the Middle East. The European STOXX 600 …

The US dollar stabilized against major currencies today, stable against other major currencies, stable after its recent decline to its lowest level in two weeks. Traders are awaiting the release of the March Nonfarm Payrolls report later today, which is expected to add 200,000 jobs. This data is considered crucial …

On Thursday, European stocks climbed as investors awaited key inflation data and scrutinized the minutes of the European Central Bank’s recent meeting, while Basilia Pharmaceuticals saw a surge in shares following US regulatory approval of a new antibiotic. The European STOXX 600 index edged up 0.1 percent by 0720 GMT, …

On Thursday, the dollar steadied below recent highs as traders awaited US jobs data, finding reassurance in Federal Reserve Chairman Jerome Powell’s remarks suggesting potential interest rate cuts later in the year. The yen remained range-bound amid prospects of government intervention, showing little movement from the 151.56 level it has …